Update on Ana EstelaAna decided to apply for a loan in order to invest in her business and purchase clothing for adults, children, and to purchase lotions for resale. The upcoming sale season is typically more profitable, and Ana hopes to take advantage of this opportunity.
Ana was able to leverage the support from her previous loan to increase her merchandise stock, and she plans to invest the funds from this loan similarly. Her family is in a stable condition, and has the same number of members as when she applied for her first loan.
Con el préstamo anterior Ana ayudo a incrementar la mercadería, este mismo objetivo busca con este préstamo, en su familia su condición se mantiene, el número de miembros es igual.
Previous Loan DetailsAna sells clothes. She lives with her husband and five children who attend school at present. She and her husband work to provide their children with everything they need. Ana’s been selling clothes in the city for five years. She learned this in her family since they are merchants. She work... More from Ana Estela's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
About El Salvador
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Oct 19, 2012
- Nov 18, 2012
- Currency Exchange Loss:
- Feb 26, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.